How I gambled over $1 Billion dollars in my 20’s

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4 Responses

  1. Ben says:

    What a great story! Thank you for sharing! One question, though: I thought gambling winnings were tax free in the UK? Why did you have to pay 45% taxes?

  2. admin says:

    Thanks Ben,
    I believe they are tax-free, but I had to set up a business to deal with the payments. As 1 account might win 100k and the next might lose 10k, so to make sure everyone was paid a fair share I took all the money in and then sent it out. Looking back I should have just let each person withdraw themselves. But I was a young moron and needed the security of knowing I was doing it correctly.

  3. Sam says:

    Unreal mate, wow.

    I guess these Casinos aren’t worth having another crack at? I wonder what will happen with the law changes in the states..

    Great write up, I cant wrap my head around how you spent it all..

  4. admin says:

    Thanks Sam,
    Some people are still doing casino offers and making a decent amount. But nothing like it was before. I don’t think you can do them from Australia anymore.

    America is going to be a goldmine for bonus chasers, but the bookies have learnt from the past, so while it will be lucrative, it won’t be like the early days.

    It’s extremely easy to spend a massive amount of money when you are young and dumb 🙂

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